Strides Arcolab has allotted 5,045,725, 5% fully convertible debentures (FCDs) at a price of Rs 400 per FCD, on preferential basis to Dobliss Holdings (3,111,440 FCDs) and Blissup Holdings (1,934,285 FCDs).These FCDs are convertible into equivalent number of fully paid up equity shares of Rs 10 each of the company, in one or more tranches, at any time within a period of 18 months from the date of issue.
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